Commerce Past Questions And Answers
2021
The difference between the central bank and commercial bank is that the former
- A. serves as lender of last resort
- B. discount treasury bills
- C. saves valuable of individual
- D. give loans to the public
2022
The main purpose of branding is to
- A. create identity for a product
- B. make a product look attractive
- C. create product awareness
- D. increase sales volume
2023
A cheque dated 30th July, 2004 but presented for payment on 28th February, 2005 is
- A. post-dated
- B. crossed
- C. opened
- D. stale
2024
The letters E and OE stands for __________?
- A. Errors of exception
- B. Errors and omissions excepted
- C. Estimated and order error
- D. End of error
2025
The practice of selling goods in foreign markets at a price lower than the cost price is?
- A. fair trading
- B. under invoicing
- C. hedging
- D. dumping
2026
Which of the following is not true of a sole proprietorship?
- A. It has a separate legal entity
- B. It has unlimited liability
- C. It has a slim chances of expansion
- D. The capital is small
2027
Sole proprietorship is a form of business owned by
- A. an individual
- B. two or more persons
- C. a registered business subsidiary
- D. the government
2028
Goods sold under a distinctive trademark are
- A. branded goods
- B. unsought goods
- C. perishable goods
- D. public goods
2029
Agriculture operative banks are best classified under?
- A. commercial banks
- B. savings banks
- C. merchant banks
- D. specialized banks
2030
(a) Differentiate between Indigenisation and Nationalisation.
(b) Give five advantages and three disadvantages of Indigenisation.
View Discussion (0)WAEC 1995 THEORY